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Evaluate the financial performance of Exxon Mobil Corporation using the following income statements for the years ended December 31, 2022, and 2021. Exxon Mobil Corporation
Evaluate the financial performance of Exxon Mobil Corporation using the following income statements for the years ended December 31, 2022, and 2021.
Exxon Mobil Corporation | 2022 | 2021 |
Sales | $413,680 | $276,692 |
Cost of Goods Sold | $232,715 | $170,350 |
Gross Profit | $180,965 | $106,342 |
Operating Expenses | $54,829 | $49,780 |
Net Income | $55,890 | $31,048 |
Requirements:
- Calculate the gross profit margin for each year.
- Calculate the operating profit margin for each year.
- Compute the net profit margin for each year.
- Analyze the profitability growth of Exxon Mobil Corporation from 2021 to 2022.
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